Hawaii Performing Arts Company Ltd

Analysis

Hawaii Performing Arts Company Ltd is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in December 1971, 55 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Hawaii Performing Arts Company Ltd reported income of $1.2m and spending of $1.3m, spending 113% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.4m to $1.2m (-19%), an average of -5.2% a year. The sharpest change came in the year to August 2020, when income dropped by 61%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hawaii Performing Arts Company Ltd sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within HI. Charities of a similar size with the same main cause include Bakersfield Symphony Orchestra Inc ($1.2m), Woodlands Waterway Arts Council Inc ($1.2m) and Wyofile ($1.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 37% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $81k (6.2% of expenses). Other salaries and wages came to $361k. At year end it held assets of $1.8m against liabilities of $1.4m, net assets of $436k. It reported 26 employees.